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KSB Advises CERCL Green Group on Sale of Green Gas International to Private Investors

KSB Advises CERCL Green Group on Sale of Green Gas International to Private Investors

Czech Republic

KSB has provided legal services to the CERCL Green group in connection with the sale of Green Gas International by means of a management buy-in for an undisclosed consideration to ML Green Netherlands B.V., a special purpose management buy-in company jointly owned by private investors Laurent Barrieux and Martin Vojta.  

Green Gas International is a European operator of clean energy projects that focuses on converting harmful methane emissions produced during the extraction of mining and landfill gas to energy benefit. 

Commenting on the transaction in a joint statement, Laurent Barrieux and Martin Vojta said: "We are very happy and proud to bring to Green Gas our personal commitment, experience, and passion for energy and the environment. We trust that together with existing local management, we will write new pages in Green Gas’s history, reinforcing its current position and opening new areas for development.” 

Michiel Tijmensen, outgoing Chief Executive of Green Gas, commented:  “I am pleased to have been involved in the successful restructuring of Green Gas to focus on its core businesses in the Czech Republic, Germany, and Poland. This change of ownership is the next logical step, giving the new owners the opportunity to develop the business further from its European base with its strong operational capabilities.”

KSB's assistance encompassed conducting due diligence of the group concerned, the negotiation and preparation of contracts for the sale of shares and preparing other related documentation. The firm's team was led by Partner Christian Blatchford and include Partner Dagmar Dubecka, Associates Martin Kubík and Jaroslav Zahradnícek, and Junior Associate Jana Guricova.

Linklaters and Luther also advised CERCL Green group on the sale, while Rentsch Legal advised the buyers.

Czech Republic Knowledge Partner

For more than 25 years PRK Partners has been providing top tier, comprehensive legal services in all areas of law – always at the highest professional level. The company’s offices in Prague, Ostrava and Bratislava, as well as its specialised teams of legal practitioners and tax advisors, allow PRK Partners to offer solutions to any kind of legal issues, providing an international point of view and in-depth knowledge of the respective local legal system.

The full-service law firm has worked on many of the region’s largest and most complex transactions. The firm puts emphasis on the highest standards of quality, efficiency and flexibility in its advisory services, which are tailored to the specific requirements of each client. 

Our team is composed of professionals with international education and experience. The firm frequently works on a non-exclusive basis with leading international law firms on large cross-border transactions.

PRK Partners is consistently recognised among the top law firms by leading international and domestic directories and ratings agencies and has been honoured with numerous awards: 

• National Law Firm of the Year 2016 by the Chambers Europe Awards, the most prestigious international law firm competition. This is the fifth award PRK Partners has received since the awards were first given; National Law Firm of the Year 2014, 2013 and 2010 and Law Firm of the Year 2012 for Best Client Service.

• 2018 Best Law Firm of the Year in the category of Banking &Finance and the absolute winner in the main category of the Domestic Law Firm of the Year awards organised by epravo.cz under the auspices of the Czech Bar Association three times since the award's inception (in 2016, 2013 and 2011).

• a finalist of the Central European Law Firm of the Year category in The Lawyer European Awards 2018. 

The firm has a strong commitment to corporate social responsibility and pro bono work.

PRK Partners is the exclusive member firm in the Czech Republic for Lex Mundi, the world’s leading network of independent law firms, with in-depth experience in 100+ countries worldwide. In addition, the firm is a member of Celia Alliance, AFI (Association for Foreign Investment) and CVCA (the Czech Private Equity and Venture Capital Association).

Firm's website: www.prkpartners.com

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